BlackRock Acquires Massive Crypto Holdings, Signaling Institutional Shift

A significant institutional transfer has sent ripples through the cryptocurrency world. Blockchain data reveals that BlackRock, a global investment giant with assets under management exceeding $10 trillion, has acquired over $67.5 million in Bitcoin and Ethereum from leading exchange Coinbase. This move signals a growing trend of institutional adoption in cryptocurrencies, with far-reaching implications for the market.